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New Members Proposed for Supervisory Board of Exact Holding N.V.

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Exact Holding N.V.  (Exact) announces that during the annual general meeting of shareholders on April 23, 2009, Mr. E.R. Deves, Mr. M.J.C. Janmaat and Mr. R.J. Hoevens will be proposed for appointment as new members of the Supervisory Board of Exact.

The current Supervisory Board is comprised of drs E.A.J. van de Merwe, drs J. de Boer and drs R.W.J.M. Bonnier. They were appointed for a period of four years in 2005 and have decided not to put themselves forward for reappointment.

“Over the last four years Exact has gone through a period of strong strategic and operational development leading to a further sharpened strategy and continued solid financial performance. It has been an intensive yet fruitful period in which the executive management team worked closely together with the Supervisory Board. Exact is a rock-solid organisation with an excellent market position and well prepared for its next phase of development. Together with the new Supervisory Board, the executive management team will continue to work on the future profitable growth of the company in the interest of all its stakeholders. 

"I would like to thank the departing Supervisory Board members for their tremendous support, supervision and important contribution to the development of our company over the last four years. I respect their decision to pass on their responsibilities after this period of intensive collaboration. I am looking forward to working with the new Supervisory Board and to ensure continued further development of Exact Software,” says Rajesh Patel, CEO of Exact.

With respect to the Board of Managing Directors, the term of appointment of both members, Raj Patel and Jim Kent ends per April 7, 2009.

Taking into account the personal considerations of Raj Patel and Jim Kent, the Selection and Nomination Committee has recommended to the Supervisory Board to nominate Raj Patel for appointment of a consecutive four-year term as CEO.

Jim Kent has decided to pursue other business opportunities and thus will not put himself forward for reappointment. He has been a member of the Board of Managing Directors since April 7, 2005 and was appointed for a fixed term of four years.

The new members of the Supervisory Board will officially be nominated for appointment and Raj Patel for reappointment at the Annual General Meeting of Shareholders, which will take place in Amsterdam on Thursday, April 23, 2009.

The agenda, including the explanatory notes as well as Exact’s Annual Report 2008 are available at the company’s website www.exact.com.

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